RF Industries Inc. (RFIL, Financial) filed Annual Report for the period ended 2010-10-31.
Rf Industries has a market cap of $19.36 million; its shares were traded at around $6.785 with a P/E ratio of 16.56 and P/S ratio of 1.36. The dividend yield of Rf Industries stocks is 1.77%. Rf Industries had an annual average earning growth of 4.4% over the past 10 years.
Direct export sales by the Company to customers in South America, Canada, Mexico, Europe, Australia, the Middle East, and Asia accounted for $1,818,000 or approximately 11% of Company s sales for the fiscal year ended October 31, 2010. Foreign sales accounted for $2,397,000 or approximately 17% of Company s sales for the fiscal year ended October 31, 2009. The majority of the export sales during these periods were to Israel, Canada and Mexico. Foreign sales orders from individual customers tend to be larger than U.S. product orders and therefore have a larger impact on the Company s sales.
The Company s research and development activities are intended to produce new proprietary products that it can market to the wireless connectivity industry. The Company engaged in approximately $422,000 of research and development activities in fiscal year ended October 31, 2010, relating to the Connector and Cable, RF Wireless, and Bioconnect segments. Research and development expense during the fiscal year ended October 31, 2009 were approximately $889,000.
Management estimates that the Connector and Cable Division has over 50 competitors in the RF connector market. The RF connector market is estimated at $2 - $2.5 billion worldwide, with North America sales estimated at $1.2 billion. Management believes the industry is fragmented with no one competitor having over a 15% share of the total market, while the ten largest competitors constitute approximately 76% of the total market. Many of the competitors of the Connector and Cable Division have significantly greater financial resources and broader product lines. The Connector and Cable Division competes on the basis of product quality, product availability, price, service, delivery time and value-added support to its distributors and OEM customers. Since the Company s strategy is to provide a broad selection of products in the areas in which it competes and to have a ready supply of those products available at all times, the Company normally has a significant amount of inventory of its connector products.
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Rf Industries has a market cap of $19.36 million; its shares were traded at around $6.785 with a P/E ratio of 16.56 and P/S ratio of 1.36. The dividend yield of Rf Industries stocks is 1.77%. Rf Industries had an annual average earning growth of 4.4% over the past 10 years.
Highlight of Business Operations:
The Company s Connector and Cable Division designs, manufactures and markets a broad range of coaxial connectors and coaxial cable assemblies for the numerous products with applications in commercial, industrial, automotive, transportation, scientific, aerospace and military markets. Various types of connectors are offered by the RF Connector Division including 2.4mm and 3.5mm, 7-16 DIN, BNC, MCX, MHV, Mini-UHF, MMCX, N, SMA, SMB, TNC, QMA and UHF. These connectors are offered in several configurations and cable attachment methods for customer applications. There are numerous applications for these connectors, some of which include digital applications, 2.5G, 3G, 4G, Wi-MAX, LTE and other broadband wireless infrastructure, GPS (Global Positioning Systems), mobile radio products, aircraft, video surveillance systems, cable assemblies and test equipment. Users of the Company s connectors include telecommunications companies, circuit board manufacturers, OEM, consumer electronics manufacturers, audio and video product manufacturers and installers, and satellite companies. The Connector Division markets over 1,200 types of connectors, adapters, tools, assembly, test and measurement kits, which range in price from under $1 to over $1,000 per unit. The kits satisfy a variety of applications including, but not limited to, lab operations, site requirements, and adapter needs.Direct export sales by the Company to customers in South America, Canada, Mexico, Europe, Australia, the Middle East, and Asia accounted for $1,818,000 or approximately 11% of Company s sales for the fiscal year ended October 31, 2010. Foreign sales accounted for $2,397,000 or approximately 17% of Company s sales for the fiscal year ended October 31, 2009. The majority of the export sales during these periods were to Israel, Canada and Mexico. Foreign sales orders from individual customers tend to be larger than U.S. product orders and therefore have a larger impact on the Company s sales.
The Company s research and development activities are intended to produce new proprietary products that it can market to the wireless connectivity industry. The Company engaged in approximately $422,000 of research and development activities in fiscal year ended October 31, 2010, relating to the Connector and Cable, RF Wireless, and Bioconnect segments. Research and development expense during the fiscal year ended October 31, 2009 were approximately $889,000.
Management estimates that the Connector and Cable Division has over 50 competitors in the RF connector market. The RF connector market is estimated at $2 - $2.5 billion worldwide, with North America sales estimated at $1.2 billion. Management believes the industry is fragmented with no one competitor having over a 15% share of the total market, while the ten largest competitors constitute approximately 76% of the total market. Many of the competitors of the Connector and Cable Division have significantly greater financial resources and broader product lines. The Connector and Cable Division competes on the basis of product quality, product availability, price, service, delivery time and value-added support to its distributors and OEM customers. Since the Company s strategy is to provide a broad selection of products in the areas in which it competes and to have a ready supply of those products available at all times, the Company normally has a significant amount of inventory of its connector products.
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